Wolfe Waves - Get in the Zone

Quoting parviz1953

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{quote} The book is the same pdf which is on the first post. He suggest and insist, counting the wave in this manner: first look for A then B , then go back and look for X , the low point which point B has surpassed is the X point. Would you please read this phrase again and let me know your idea.

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Quoting Uturn2

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Here's a ripper!? XAUUSD DLY Chart: Prints on both 12 and 20 depth settings. Cheers, U2 {image}

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Quoting Uturn2

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XAUUSD 4H Chart: 50 Depth Setting. The Indicator plots the C4. Why not trade the D5 wave!? Edit: [The AB and CD waves are the 5 wave Impulsive Waves] Cheers, U2 {image}

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Quoting jonirrenicus

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all great posts in these days! now i know why big fish trade higher TF only.... {image} old man always won this game...

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Quoting CrocodileRex

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{quote} I just looked at your chart and i think it's not a wolfe wave setup there on the daily. Your chart is the same as parviz's earlier. The X point is kinda forceful. Any other opinion?

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Quote

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This is a Cww without doubt.

Remember the most important parts for identify CWW:

1 X MUST touch C (for me a little difference is allowed)
2 AB=CD closer is better (diff<10%)


sometimes XC will give you a ridiculous TP， you have to adjust by hand...just my 2 cents

Quoting CrocodileRex

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{quote} Here's how i see it. It's better if you define the clear swings/waves. It is defined by higher low, lower high. You are just forcing the X to appear in the middle of the swing. Yes i know you can see better if you drop down to H4 timeframe but in my opinion, that is very forceful. Hope you get what i mean. This is why i said the rules are not clear because bill wolfve himself used an example like this in his book if i am not mistaken. Also, i don't understand what you mean by X must touch C. C can always be touched by X depending on how...

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Quoting jonirrenicus

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U/J X C not touched but quite close ...let's see what will happen... {image}

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Quoting Uturn2

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Hi Parviz, Indicator: {file}

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Quoting Expo33

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{quote} I suppose you could but I prefer to wait until the structure completes as I believe that gives me the hilood to thghest probability of success. Here is the same scenario with the Euro. Similar angle with very distinct legs to C(4), and then the structure breaks down. For me, just because C(4) has been established doesn't necessarily mean the CD leg will follow. Everything looked good too. Doji followed by a bullish candle then everything went haywire {image}

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Quoting Expo33

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{quote} I like the structure so far. By the way, what kind of indicator are those arrows? Some kind of fractals?

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